Regulatory Risk Manager Job Description
Regulatory Risk Manager Duties & Responsibilities
To write an effective regulatory risk manager job description, begin by listing detailed duties, responsibilities and expectations. We have included regulatory risk manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Regulatory Risk Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Regulatory Risk Manager
List any licenses or certifications required by the position: PMP, CPA, CAMS, FRM, CFA, CRCP, AML, CPHQ, CIA, AMLP
Education for Regulatory Risk Manager
Typically a job would require a certain level of education.
Employers hiring for the regulatory risk manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Business, Economics, Management, MBA, Education, Law, Mathematics, Computer Science
Skills for Regulatory Risk Manager
Desired skills for regulatory risk manager include:
Desired experience for regulatory risk manager includes:
Regulatory Risk Manager Examples
Regulatory Risk Manager Job Description
- A structured, critical and methodical thinker with strong communication skills, both oral and written
- Able to proactively initiate, develop, and maintain effective working relationships with team members including stakeholders, demonstrating the ability to cooperate with a variety of people
- Highly organised, an excellent planner with attention to detail
- Experienced in delivering results in a fast moving dynamic environment with proven ability to adapt and be responsive to changing requirements
- Able to work with both a high degree of independence and as part of a team
- Excellent team player, demonstrating an ability to understand the broader picture and end-to-end processes, identifying dependencies and potential road blocks
- Able to negotiate and positively influence people at appropriate levels within the organisation
- Leads the process of collecting and vetting compensation and financial data for the Management Proxy Circular
- Other special projects and initiatives as required
- A strong leader and team player, able to create a good team environment
- Manage the ongoing process of self-assessment against the Capital Requirements Regulation
- Analyse the impact of evolving Regulatory Rules on the production team
- Liaise with key stakeholders such as Internal Audit, Regulatory Reporting Quality Assurance and Enterprise Data Governance to ensure controls and compliance are maintained
- Assist in the preparation and delivery of Market Risk training across the Firm
- Knowledge of Capital Requirements Regulation, preferably Market Risk
- Ability to gain thorough understanding of financial products and regulatory rules through on the job training
Regulatory Risk Manager Job Description
- A self starter, able to act on your own initiative
- Understanding of control and compliance issues in a banking and finance environment
- Experienced in dealing with Senior Business Stakeholders in a global environment
- To maintain good stakeholder relationships - with the local and regional management of the GTB GT
- On an ongoing basis monitor and track timely resolution of the outstanding risk issues
- Lead major development portion of Enterprise Risk team
- Role will be responsible for delivering major integration efforts for credit, market, operational and liquidity risk
- Should be technical but have managed minimum 25-30 people
- Significant interaction with a wide range of senior bank and risk management colleagues, external stakeholders such as regulators / auditors
- Ensure robust governance framework for regulatory and risk management and decision making
- Team player with ability build & maintain productive working relationships with colleagues at all levels and across functions in a collaborative manner in order to achieve results, ability to manage prioritization
- Provide strong regulatory relationship support including coordination of regulatory reviews and other communications as required
- Be alert to current regulatory risk events, trends and emerging issues, and proactively collaborate with executive management to support lobbying positions, provide thought leadership, insight and advice, and determine regulatory risk impact for business implementation
- Provide technical analysis and advice, insight and expertise to the CROs, Heads of Risk and ERM Business Risk Managers regarding regulatory risk, compliance and regulatory change
- Assist the Head of Group Compliance and Heads of ERM in advising and guiding the Group Risk and Compliance Committee and other risk or compliance committees on regulatory change matters, as and when required
- Assist ERM Manager and Business units in identifying and understanding new and developing regulatory requirements
Regulatory Risk Manager Job Description
- Support the Manager, Central Reporting Team in the preparation of all quarterly/ semi-annual Operational Risk reports submitted to Enterprise Operational Risk and to Senior Compliance executives
- Preparation and validation of Compliance & Internal Audit metrics assembled from IssueTrack monitoring system that are included in Balanced Scorecard reporting
- Complete other ad-hoc reporting and operational risk duties as required by the Senior Director-PMO & Operations, Enterprise Compliance
- Document and maintain procedural manuals and job-aids for key processes and identify process and control efficiencies in work tasks
- Compile and distribute all quarterly compliance reporting to the Segments and Functions Operating Committees
- Support and backup the preparation of reports for OSFI quarterly meetings by developing a tracking process to ensure businesses’ action plans due dates are being met
- Complete Compliance information requests related to business partner, Internal Audit, and External Auditor requirements upon request
- Support consistent use of the Compliance Issue Track Database and Reporting tool by all users through the maintenance and communication of clearly documented user guidelines and appropriate system functionality, making recommendations for changes to User Defined Fields and database configuration as needed
- Develop forward looking plans to manage annual and ad hoc regulatory and/or agency reviews and ensure appropriate engagement
- Coordinate US responses across technology and business
- Participate in the location Risk Committee meetings to cover changes in and understanding of risk profiles and any market risk issue arising
- Effectively handle regulatory onsite and offsite inspections/examination
- Help understanding the regulatory requirements around Market Risk in the Region
- Coordinate with FO, MO, Finance, and Model Review Group and Technology on projects relating to MRI, VaR, stress
- Experience with Big Data platforms, Hadoop/Spark or similar required
- At least 1 year experience in SQL and knowledge of at least one programming language like Python, Java, C#
Regulatory Risk Manager Job Description
- Develop and maintain management reporting on all actions and activities related to the US operations
- Present to senior management on a regular cadence
- Maintain strong cross organizational relationships with Compliance Officers, Business Management Offices (Regional and Functional) & US based management teams
- Maintain relationships with key regulatory bodies as required
- Supports Member Firm Directors of Independence and their teams by consulting on their most complex independence issues under the applicable rules or standards (e.g., SEC/PCAOB, IESBA, EU Audit Legislation)
- Mediates conflicts between Member Firm Directors of Independence in resolving independence-related matters
- Consults on independence ramifications of potential investments and alliances with other companies with Global Independence and Global Risk leadership
- Attends policy setting meetings, performs research and develops guidance to address emerging independence issues
- Reviews and drafts internal correspondence focused on increasing awareness of the independence rules and implications of new IESBA, EU, Security and Exchange Commission and Public Company Accounting Oversight Board rulings, among others
- Performs root cause analyses of violations and develops communications and recommendations for remediation effort and opportunities to improve quality control processes
- 5+ years of Regulatory Reporting experience at a Financial Institution preferred (FR Y-14, FR 2052, CCAR, Pillar 3, Recovery and Resolution experience preferred)
- Professional demeanor towards duties and responsibilities, particularly with regard to independence, professional ethics, and the exercise of professional judgment preferred
- Ability to coordinate deliverables on complex projects across a number of departments
- Solid understanding of the regulatory landscape applicable to their mandate
- Ability to analyze key material and documents and summarize content, purpose and relevance
- Proven ability to work under stringent deadlines and constant time pressure
Regulatory Risk Manager Job Description
- Prepares and participates in webcasts and workshops with the member firm Directors of Independence to educate the network on emerging issues in order to drive consistency through the network and improve regulatory inspection results
- The central risk and regulatory identification and assessment processes for all the lines of businesses within the Bank
- Providing high quality consulting advice to the financial sector, helping clients to anticipate and understand regulatory and policy change s impacting systems, controls and reporting structures
- Playing a key role in recruitment, growth and staff development
- Growing our business through business and proposition development
- Working with prestigious organisations available through our extensive network
- Developing solutions and value adding propositions and being involved in taking these to market
- Leading engagements simultaneously and managing client expectations
- Project management, monitoring and status reporting (disseminate prioritization, risks & issues and dependencies) throughout the project lifecycle Partner with relevant stakeholders to analyse and document business requirements and operating model
- Review and remediate regulatory reporting exceptions
- Experience working on Capital Markets, Treasury, Market Risk or Credit Risk technology projects and programs
- Extensive experience working with stakeholders and executive level leadership
- End to end delivery of regulatory projects in the context of CIB CAO’s remit
- Detailed business analysis/requirements definition against new regulatory requirements
- Working with Technology teams to review and hand over requirements applying Agile methodologies
- Assisting in the functional management of technology Feature Teams by allocating workload and validating output